Mumbai : Ellenbarrie Industrial Gases has garnered Rs. 255.76 crores from anchor investors ahead of its initial public offering that opens for public subscription on Tuesday, June 24, 2025. The company informed the bourses that it allocated 63,93,938 equity shares at Rs. 400 per share on Monday, June 23, 2025, to anchor investors.

Some of the marquee Institutions that participated in the anchor includes Nippon India Mutual Fund, HDFC MUTUAL FUND, Axis Mutual Fund, HDFC Life Insurance company Limited, TATA MUTUAL FUND, WHITEOAK etc

Last week, Ellenbarrie issued 62,50,000 equity shares to Motilal Oswal Mutual Fund through a secondary sale (pre-IPO placement) at a price of Rs 400 per share (including a premium of Rs 398), in consultation with the lead bankers. The transaction, amounting to Rs 250 crore, represents 4.43% of the company’s pre-offer share capital.

Out of the total allocation of 63,93,938 equity shares to the anchor investors, 36,92,333 equity shares were allocated to 8 domestic mutual funds through a total of 16  schemes, i.e. 57.75% of the Total Anchor Book Size.

Motilal Oswal Investment Advisors Limited, IIFL Capital Services Limited, JM Financial Limited are the book-running lead managers, and KFin Technologies Limited is the registrar of the issue.